RBC Analysts: Facebook’s Crypto Money Could Be A Historic Venture

RBC Analysts: Facebook's Crypto Money Could Be A Historic Venture

RBC Analysts: Facebook’s Crypto Money Could Be A Historic Venture

 

Analysts of investment banking giant RBC said that Facebook’s crypto currency, which will be officially announced soon, could be a historic initiative.

 

According to CNBC, global investment bank analysts RBC Capital Markets Mark Mahaney and Zachary Schwartzman wrote in a note Thursday that Facebook’s crypto money is “We believe this can prove to be one of the most important initiatives in company history that will unlock new participation and revenue streams.” used the phrase.

 

Two experts expect crypto money to be used in payments, commerce, apps and games in the ecosystem that includes Facebook’s image-based social media platform, Instagram and the encrypted messaging service WhatSapp.

 

RBC Analysts: Facebook's Crypto Money Could Be A Historic Venture

RBC Analysts: Facebook’s Crypto Money Could Be A Historic Venture

 

 

Analysts also think that Facebook’s shares will reach $ 250. The company reached its historic peak in July of last year with $ 210, which closed the Friday at $ 181.33.

 

On the other hand, Caitlin Long, a 22-year veteran of Wall Street, recently wrote to Forbes about Facebook’s crypto currency:

 

“More people will get Bitcoin for a simple reason – Bitcoin is scarce, not Facebook’s crypto money. Over time, people will use the most honest book to store their hard-earned fortune – and it’s not fake money or derivatives of Facebook, including crypto money. ”

Finally, while many people are excited about this product of Facebook, crypto currency pioneer Charlie Shrem says:

“I think Facebook’s crypto money is an attempt by big tech companies, banks and credit card companies to keep people away from Bitcoin, this is nothing more than a nominal money masked as crypto money.”

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